Enhanced Investments - Financial Portal

FRS351 - Listing of New Financial Instrument

Published: 2023-10-18 16:29:26 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS351       ISIN: ZAG000200346
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted FRB the listing of its FRS351 senior unsecured unsubordinated structured notes, in
terms of its note programme (the programme) dated 29 November 2011, as amended from time to time, effective 19
October 2023.

Debt security code:                         FRS351
ISIN:                                       ZAG000200346
Type of debt security:                      Floating rate note
Nominal issued:                             R 35 000 000.00
Issue date:                                 19 October 2023
Issue price:                                100% of par
Interest commencement date:                 19 October 2023
Coupon rate:                                3 month JIBAR plus 209 basis points
Interest determination date(s):             The first business day of each interest period, with the first interest
                                            determination date being the issue date
First interest payment date:                19 January 2024
Interest payment date(s):                   19 January 2024, 19 April 2024, 19 July 2024 and 19 October 2024
Last day to register:                       By 17:00 on 14 January 2024, 14 April 2024, 14 July 2024 and 14
                                            October 2024
Books close:                                15 January 2024, 15 April 2024, 15 July 2024 and 15 October 2024
Business day convention:                    Modified Following Business Day
Maturity date:                              19 October 2024
Final maturity amount:                      Physical settlement of the Reference Bond as defined in paragraph 93 of
                                            the pricing supplement
Other:                                      The pricing supplements contain additional terms and conditions to the
                                            terms and conditions as contained in the programme
Summary of additional terms:                Please refer to the final redemption amount, the reference bond early
                                            redemption event, the early redemption at the option of the issuer, the
                                            early redemption amount and the reference bond provisions contained in
                                            the pricing supplement
Programme amount:                           R 60 000 000 000.00
Total notes in issue under programme:       R 36 400 146 117.47 as at the signature date of the pricing
                                            supplement
Dealer:                                     FirstRand Bank Limited, acting through its Rand Merchant Bank division




18 October 2023

Debt sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.